Capitolis, the technology company reimagining capital markets, announced a significant innovation to its groundbreaking automated novation service in FX: it can now novate agency trades while maintaining anonymity.
This unlocks more of the FX options market for novations by including agency flow and further helps to reduce risk, notional and capital footprint.
Capitolis worked with industry participants for over a year to understand the various market needs and develop its agency offering. The automation of agency flow novations now allows for the collapsing of nearly all boxed FX option positions and the ability to execute a novation even in the most complicated cases.
“We challenged Capitolis to deliver technology to facilitate agency novation and they delivered,” said Marcus Butt, Global Head of Prime Services at…
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